ME Group International (LON:MEGP) Reaches New 12-Month High – Here’s Why

ME Group International plc (LON:MEGP) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 235.50 ($3.03) and last traded at GBX 229.50 ($2.95), with a volume of 537018 shares changing hands. The stock had previously closed at GBX 227 ($2.92).

Analyst Ratings Changes

Several research firms have recently commented on MEGP. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 200 ($2.57) price target on shares of ME Group International in a report on Monday, July 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 203 ($2.61) price target on shares of ME Group International in a report on Tuesday, July 16th.

ME Group International Trading Down 1.1 %

The stock has a market capitalization of £855.25 million, a P/E ratio of 1,678.57 and a beta of 1.20. The company’s 50-day moving average is GBX 199.92 and its two-hundred day moving average is GBX 184.53.

About ME Group International

ME Group International plc operates, sells, and services a range of instant-service equipment in the United Kingdom. The company operates through Asia Pacific, Continental Europe, and United Kingdom and Ireland segments. It operates coin-operated automatic photobooths for identification and fun purposes, as well as vending equipment, including digital photo kiosks, laundry machines, business service equipment, amusement machines, and children's rides.